BMW STANDARD PLAN

BMW BULLET PLAN

You can opt to lower your regular EMIs by paying specified higher amount at fixed intervals during the loan tenure. An ideal plan if you are expecting an increase in your paying capacity at certain points.

BMW BALLOON PLAN

You can opt to lower your regular EMIs by playing higher lump sum amount at the time of maturity. This is particularly suitable if you plan to sell your car at the end of the tenure.

BMW STEP-UP PLAN

If you plan to lower your regular EMIs at present and pay higher EMIs in future, then the set-up plan is ideal for you. In this case, the EMIs payable changes or ‘step up’ by fixed rate after a given intervals of time.

BMW STEP-DOWN PLAN

If you plan to pay higher EMIs at present and lower EMIs in future, then the step-down plan is ideal for you. In this case, the EMIs payable decreases or ‘step down by fixed rate after a given intervals of time.

BMW INDIVIDUAL PLAN

This unique plan allows you to customize your EMIs as per your requirement within the approved framework.

6. How is assured buyback price decided?

7. Is tenure for 360 Program pre-decided? Or Customer is flexible to decide tenure?

Tenure is pre-decided. However BMW ensures the flexibility,It is currently available in 24 months, 36 months and 48 months tenure.

8. Is there any mandatory condition for BSI under this program?

BSI is not mandatory under this condition. However customer needs to ensure periodic maintenance of the vehicle as specified in agreement. However BSI is recommended from BMW group.

9. What would be ROI for this program?

There would not be any differential ROI for this program. The customer would get the same ROI which is applicable on other models/programs.

10. Would NFSC play any role in buyback?

All the vehicles which are bought back from customers by dealer would be auctioned by NFSC Remarketing team and subsequently liquidation would be done.

11. What is the process in case of early termination?

In case of any early termination, contract with customer gets null and void for buyback. And customer has to pay back complete outstanding plus early termination charges as applicable to BMW Financial services.

12. Who will be customer touch point at BMW?

BMW dealership from where vehicle is purchased would be the customer contact point.

13. At the EOT who will inform the customer? What are the timelines?

Customer to be informed by BMW dealership 90 days prior due date of agreement on the decision to retain or return the vehicle.

14. When the vehicle inspection would be done? Who will analyse wear and tear? When would vehicle handed over?

Vehicle inspection done 7 days prior to contract termination. External evaluator appointed jointly by BMW Group will assess the vehicle. Vehicle Inspection report will be provided by inspection agency with reference to the wear tear policy as per the agreement. Vehicle handover to be done on the day of EOT with wear and tear charges paid by the customer if any as per evaluator’s assessment of the vehicle based on wear and tear policy.

15. When would vehicle be auctioned? What would be auction duration?

Vehicle to be auctioned within 2 days of handover in as in where is condition. Auction duration to be 02 days.

16. What if agreement is lost by customer?

Incase agreement is lost, customer needs to contact respective dealership and the same can be retrieved from the dealership.

17. Who will do the wear and tear assessment? How would customer judge it to be fair? What if customer does not agrees to it?

As per agreement an external evaluator appointed by BMW Group will be evaluating the vehicle. Complete vehicle report would be provided to customer. If customer does not agree, contract is void as per the terms and conditions mentioned in the agreement.

18. What if there is delay in handover by customer? What if he denies? Who bears this loss till issues gets resolved?

In case of delay/denial from customer, contract seems to be void. Further collection team from NFSC comes into effect for recovery of the balloon amount.

19. In case vehicle meets with accident, what is the process? Who will assess whether vehicle is accidental?

In case vehicle meets with accident, vehicle needs to be repaired in authorised BMW workshop, vehicle should not fall under accidental category post repair example: chassis damage, Pillar damage etc. At EOT vehicle would assessed by inspection agency jointly appointed by BMW Group.

20. How would you validate that customer wants to return the vehicle? What if customer changes the decision last moment?

Customer can inform dealership thru mail or any another written communication. If customer changes the decision at last moment, contract is null & void. Although customer has option of refinance at prevailing ROI interest at that point of time.

21. Would there be any differential treatment for corporate client and individual customer post GST?

Customer can inform dealership thru mail or any another written communication. If customer changes the decision at last moment, contract is null & void. Although customer has option of refinance at prevailing ROI interest at that point of time.

21. Would there be any differential treatment for corporate client and individual customer post GST?

If yes how that would be addressed. For same case scenario, Guaranteed future value would same for both the customers whether corporate or individual. However if there is any tax liability arising due to identity or nature of the deal that would be addressed by Customer itself.

Example: Guaranteed future value for both type of customers is 2000000 INR. However incase of corporate client if there is tax liability arising on him due to sale of asset as per the GST regulation has to be dealt by corporate itself. BMW group has no role to play in the same. Neither BMW Dealer nor BMW group would be responsible for the same.

22. What would the finance process flow for the 360 degree programme?

BMW Premium Selection Financing

A range of individual and attractive financing options are made available when you purchase a BMW Premium Selection vehicle. Our dedicated finance and insurance consultants are equipped with the expertise and resources to best advise and provide you with a suitable financing option that suits your needs and future plans.

Corporate Solutions

Our commitment to an unparalleled leasing experience begins with financing solutions that help you get into the BMW you really want. Go further with personalized lease and financing options that include flexible terms and competitive rates. Our BMW 360º loan products provide you a lease-like option but with ownership of the vehicle.

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Use of EMI Calculator

The data generated with the use of the EMI Calculator is completely and solely based on the information/details provided by the user in response to the questions specified by BMW Financial Services. These questions and the calculations thereon resulting in specific data are developed and based on certain tools and calculators that are made available to BMW Financial Services and are based on pre-determined presumptions/assumptions. BMW Financial Services , while providing and developing these tools, has relied upon and assumed, without independent verification, the accuracy and completeness of all information made available to it from public / private sources and vendors or which has otherwise been reviewed by BMW Financial Services . Such information and the resultant data is provided only for user's convenience and information purposes. BMW Financial Services does not guarantee accuracy, completeness or correct sequence of any the details provided therein and therefore no reliance should be placed by the user for any purpose whatsoever on the information contained / data generated herein or on its completeness/accuracy.

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BMW Financial Services will use reasonable efforts to make the website available at all times. However you acknowledge the website is provided over the internet and mobile networks and so the quality and availability of the website may be affected by factors outside reasonable control for which BMW Financial Services shall not be made responsible.

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Disclaimer

*The models, equipment and possible vehicle configurations illustrated in this configuration may differ from vehicles supplied in the Indian market. Some options may contain mandatory combinations with other options. Please check with your local Authorised BMW Dealer. *New Disclaimer ** Price prevailing at the time of invoicing will be applicable. Ex-showroom price inclusive of GST (incl compensation cess) as applicable but excludes Road Tax, RTO statutory taxes/fees, other local tax/cess levies and insurance. Prices and options are subject to change without prior notice. @ As on September 11, 2017.